Mukesh Ambani led Reliance Industries on Thursday announced the much awaited Reliance Jio network which promises free voice calling, zero roaming charges and cheaper data tariffs for all its cutomers. The announcement was made at the 42nd Reliance Annual General Meeting at Birla Matushree Sabhagruh, Marine Lines. Sachin Gokhale/Firstpost

Mukesh Ambani led Reliance Industries on Thursday announced the much awaited Reliance Jio network wh

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Devoting an hour of his speech at the RIL's 42th Annual General Meeting, the billionaire industrialist said Jio is targeting 100 million users in a shortest possible time. Ambani was present with his wife Nita Ambani and son Akash Ambani at the event. Sachin Gokhale/Firstpost

Devoting an hour of his speech at the RIL's 42th Annual General Meeting, the billionaire industriali

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Mukesh Ambani with his wife Nita Ambani and son Akash Ambani posed for the press after the event. Ambani termed the Jio introductory offer as the largest anywhere in the world, stating that the company is offering free data, voice and video "to everyone absolutely free" starting 5 September till 31 December, 2016. Sachin Gokhale/Firstpost

Mukesh Ambani with his wife Nita Ambani and son Akash Ambani posed for the press after the event. Am

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Differentiating Jio's 4G services from others in the market, he said that pricing strategy should be "simple" for every Indian. The Ambanis were present at the 42nd Annual general meeting of the Reliance Industries, where they also formally announced the much awaited Jio network. Sachin Gokhale/Firstpost

Differentiating Jio's 4G services from others in the market, he said that pricing strategy should be

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Stating that the data must be "affordable", he said Jio's base rate will be one-tenth of the prevailing data rates. Ambani said, "Customers should pay for only one service, voice or data not both." The company also announced "super-affordable" handsets under the LYF brand starting Rs 2999. Sachin Gokhale/Firstpost

Stating that the data must be "affordable", he said Jio's base rate will be one-tenth of the prevail